Property Address: 2011 Broad Street, New Castle, IN 47362
We are pleased to offer at auction this turn-key funeral home on State Road 38/Broad St. in New Castle, Indiana. The property features a 10,788 square foot facility with a 1,000 SF main chapel, hydraulic elevator to access the mortuary and 2nd floor from the garage and beautiful Victorian-style hardwood trim throughout the main floor. The 1.39 acres the facility sits on has over 300′ of frontage on State Road 38/Broad St. with additional frontage and access from Shopp Avenue. The grounds feature monument signage on Broad & Shopp, mature trees and over 1 acre of paved parking or drive access. Other potential uses include medical, professional office, nursing/group home, historical museum or fraternal/social club.
Additional due diligence is available for download below. If you have additional questions, please contact Seth Seaton at email@example.com or by calling/texting (317) 450-6469.
Onsite Bidder Registration: We will be at the auction site 1 hour before the auction begins. To register to be a bidder, please bring your photo ID and $25,000 deposit. You can bring an executed copy of the auction terms or will have copies there for you to review and sign.
Online Bidder Registration: All auction bidders who want to participate via our online bidding platform must be registered and approved to bid by Key Auctioneers. All bidders will be subject to fulfilling the following requirements (same as onsite bidders) prior to being approved to bid. Bidders must execute the Auction Terms. You can do so by requesting a Docusign copy of the Auction Terms by emailing firstname.lastname@example.org with your name or executing the Auction Terms in the documents below and returning them to Seth Seaton at email@example.com, along with a copy of a Government-issued Photo ID for the individual registering. You will be required to remit the $25,000 down payment (in escrow() before you will be able to bid. Deposits will be returned within 2 hours of the auction ending if you were not the winning bidder.
|General Property Details|
|Address||2011 Broad Street, New Castle, Indiana 47362|
|Zoning||R-2 (City of New Castle)|
|Zoning Use Exceptions||Mortuary, Nursing Home, Medical Clinic, Group Home, Museum|
|Lot Size||1.39 acres|
|Frontage Area||300′ +/- on Broad St. / 70′ +/- on Shopp Ave.|
|Traffic Count||7,021 (2018 INDOT AADT)|
|Building Size||10,788 square feet, excluding basement|
|Roof Type||Pitched Asphalt Shingle (Replaced in 2014) & Flat Membrane|
|HVAC Type||Central Air/Gas Forced Air Heat (6 Systems)|
|Parking Lot||Over 1 acres of Paved Asphalt, includes 52 marked spaces & excess unmarked paved parking/staging area.|
|Assessed Tax Value||$250,300 (2019)|
|Annual Taxes||$7,509.00 (2018 pay 2019)|
|Special Assessment||$108.12 (2018 pay 2019)|
|Other Pertinent Data||Hydraulic Elevator with 8′ x 8′ platform.|
|3 restrooms on main floor / 1 full bath on 2nd floor|
|4-car attached garage|
|Electric hoist with recessed ceiling track in Mortuary.|
General Auction Terms
Required Down Payment: $25,000 cashier’s check on auction day, increased to 10% within 3 business days.
Closing Time: 30 days (December 20, 2019)
Tax Administration: Prorated to date of closing.
10% Buyer’s Premium
Licenses: Seth Seaton: AU10900115 Auction Co: AC30900124
Seller: Wayne Bank & Trust Co.